Governor Pat Quinn’s budget plan for next year relies on spending nearly $5 billion more than expected state revenues, borrowing to make up the difference, and ignoring billions more in unpaid bills, according to Senator Tim Bivins.
Quinn outlined a $51.7 billion (state and federal funds) budget proposal for Fiscal Year 2011 to a joint session of the General Assembly on March 10. Fiscal Year 2011 runs from July 1, 2010, through June 30, 2011.
The Governor is calling for $32.1 billion in general funds spending – basically, the state’s operating budget – but is only estimating general funds revenues of $27.4 billion – a budget hole of $4.7 billion. In addition, Quinn’s budget plan does nothing to address a $6 billion backlog of unpaid bills, opting to push them into the next budget year." />Skip to Main Content
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